Daily Archives: March 7, 2016

In his debut show for Balenciaga, Artistic Director Demna Gvasalia struck the right chord between an homage to the house codes, the whole fashion world discusses, a debut collection of Georgian designer. Demna Gvasalia presented his first collection for Balenciaga today in Paris’s 15th Arrondissement. Mixing shapes from Cristobal Balenciaga‘s …

The Association of Young Financiers and Businessmen (AYFB) continues publishing the Panaskerteli Index on monthly basis. The index is based on monthly monitoring of medication market prices. In this case, AYFB has published the February report in comparison with the January index. The report is based on monitoring of prices …

Azerbaijan and Georgia enjoy good opportunities for developing the relations in political, economic, energy, humanitarian fields, as well as in a multilateral format. This was stated by President Ilham Aliyev at a meeting with Georgian Foreign Minister Mikheil Janelidze in Baku on March 7. During the meeting, Janelidze, who was in …

The former President of NBG excludes NBG’s guilt in insufficient efforts to protect GEL. Kadagidze declared in an interview with Forbes, that he was offering the government to invite economist of any country when the former Prime Minister had attempts to discredit NBG. “If a conclusion was made, that NBG …

Georgian Finance Minister Nodar Khaduri has met with members of the Georgian Small and Medium Enterprisers Association (GSMEA). The Ministry of Finance of Georgia continues updating the business sector on the coming amendments to the Tax Code. The bill calls for reforming the profits tax and alleviating the tax administration. …

Construction of the first cages is launched at the area of new Zoo. The cages will be built for bears and wolves. To note, 139 123 GEL is allocated for that purpose and tender is announced. Construction of the cages is made within the frame of a grant received from Deutsche …

Azerbaijan and Georgia plan to intensify the strategic partnership, Azerbaijan’s Foreign Minister Elmar Mammadyarov said. Mammadyarov made the remarks during the briefing following the meeting with his Georgian counterpart Mikhail Janelidze in Baku on March 7. “Today, we discussed the prospects for developing and intensifying the strategic partnership,” he added. …

GeoTechInvest company plans to build a hotel with 26 suites near the Shaori Lake. The construction works will start in May 2016 and end in October 2016. The hotel will be located nearby the lake Shaori. Currently, no hotel operates around the lake Shaori. The company director Mamuka Jmukhadze told …

Ltd. AG Microelectronics is the first microelectronic enterprise in the Caucasus region. The factory was built as a result of invested 3 million USD by Georgian and Azerbaijan businessmen. The project was also financed at amount 167 thousands of USD by the state program “Produce in Georgia”. Accordingly, such financial support …

PMCG held a meeting with a working group comprising representatives of Kutaisi municipality to discuss the city’s Economic Development Strategy. The meeting was another step forward from April 2015, when the Mayor of Kutaisi formed a special working group, composed of representatives of different segments of society, including academia and …

Ronny Solberg has been the CEO of Adjaristsqali Georgia LLC (AGL) for the past year. His company is building the Shuakhevi Hydropower Project (HPP) – one of the largest infrastructure investments in Georgia, with a total investment of USD 416 million. Mr. Solberg is from Norway and has worked in …

Access to affordable, quality healthcare is a key driver of economic growth and development. However, persistent epidemics, a rising incidence of non-communicable disease, increasing cost and complexity of diagnosis and treatment, along with growing global demand for more and improved healthcare come together to create a complicated and costly challenge. …